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    DHG   IE00BJMZDW83

DALATA HOTEL GROUP PLC

(DHG)
  Report
Real-time Quote. Real-time Irish Stock Exchange - 10/15 11:30:23 am
4.18 EUR   +0.48%
10/07DALATA HOTEL GROUP PLC : Holding(s) in Company
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10/01DALATA HOTEL GROUP PLC : Total Voting Rights
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09/29DALATA HOTEL GROUP PLC : Holding(s) in Company
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Dalata Hotel Group PLC: Directorate Change

09/01/2021 | 02:01am EDT

Dalata Hotel Group PLC (DAL,DHG) Dalata Hotel Group PLC: Directorate Change 01-Sep-2021 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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Directorate Change

Executive Director Stephen McNally to retire from the Company

ISE: DHG LSE: DAL

Dublin and London | 1 September 2021: Dalata Hotel Group plc ("Dalata" or the "Group" or the "Company"), the largest hotel operator in Ireland with a growing presence in the United Kingdom, announces that Group Deputy Chief Executive Officer Stephen McNally has informed the Board of his intention to retire from his executive role and the Board. Mr McNally was a founding executive of Dalata and has held his current position since 2007.

Mr McNally will remain in his executive position as the Group completes a succession process and will step down from the Board in early 2022.

John Hennessy, Group Chairman commented:

"Stephen has played a central role in the success of Dalata, joining the business as a founding executive in 2007 and acting as a key figure in our leadership team for 14 years. He has been instrumental in the development of Dalata across Ireland and the UK and ensuring the business's effective operation during its growth to a portfolio of over 9,500 rooms at 45 hotels. He has also been essential to developing and maintaining the strong culture we see in the Company today. Stephen has been a tremendous contributor as a senior executive and a director, and he will be missed by colleagues in Dalata and across our Clayton, Maldron and partner hotels.

On behalf of the Board, I would like to acknowledge our deep and sincere appreciation for his dedication and commitment to the Group and wish him well for the future."

Pat McCann, Group CEO added:

"I have worked with Stephen for over thirty years initially in Jurys and later in Dalata where Stephen became one of the founding directors. Not alone has he been a colleague over all those years, he is also my friend. His passion and commitment to Dalata and its people has played a big part in the success of the Group. Without him, Dalata would be a much poorer place.

I would like to say a big thank you to Stephen for all the support he has given me over the many years and wish him well in whatever direction life takes him over the coming years. He still has a lot to offer. I am sure his wife, Edel, his daughter, Roisin and son, Luke, are looking forward to seeing much more of him."

Dermot Crowley, Group CEO Designate added:

"I would like to sincerely thank Stephen for the huge contribution that he has made to Dalata since he joined Pat to launch the Company back in 2007. It has been a pleasure to work with Stephen over the last nine years. He leaves behind a very strong operations team, for which I am very grateful. I wish Stephen and his family the very best for the future."

Stephen McNally concluded:

"After much careful thought and consideration, I have decided to retire from Dalata. It has been a privilege to have been part of this wonderful organisation for 14 years, as a founding executive and Board member. I have had an extremely fulfilling career with Dalata and I am immensely proud of what we have built and the culture we have created.

I would like to take this opportunity to thank the Board, past and present, for their support over the years and in particular, I would like to wish Dermot Crowley the best of luck in his new role as CEO".

-ENDS-

About Dalata

Dalata Hotel Group plc was founded in August 2007 and listed as a plc in March 2014. Dalata has a strategy of owning or leasing its hotels and also has a small number of management contracts. The Group's portfolio now consists of 29 owned hotels, 13 leased hotels and three management contracts with a total of 9,561 bedrooms. In addition to this, the Group is currently developing 11 new hotels and has plans to extend four of its existing hotels, adding over 2,600 bedrooms in total. For the first six months of 2021, Dalata reported revenue of EUR39.6 million and a loss after tax of EUR30.4 million. Dalata is listed on the Main Market of Euronext Dublin (DHG) and the London Stock Exchange (DAL). For further information visit: www.dalatahotelgroup.com.

Contacts

 Dalata Hotel Group plc                     investorrelations@dalatahotelgroup.com 
 Pat McCann, CEO                            Tel +353 1 206 9400 
Dermot Crowley, CEO Designate 
Sean McKeon, Company Secretary and Head of Risk and Compliance 
Niamh Carr, Group Head of Investor Relations and Strategic Forecasting 
 
 Joint Group Brokers 
Davy: Anthony Farrell                       Tel +353 1 679 6363 
Berenberg: Ben Wright                       Tel +44 20 3753 3069 
 
 Investor Relations and PR | FTI Consulting Tel +353 86 401 5250 
 Melanie Farrell                            dalata@fticonsulting.com 

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ISIN:           IE00BJMZDW83, IE00BJMZDW83 
Category Code:  MSCL 
TIDM:           DAL,DHG 
LEI Code:       635400L2CWET7ONOBJ04 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   121170 
EQS News ID:    1230239 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1230239&application_name=news

(END) Dow Jones Newswires

September 01, 2021 02:00 ET (06:00 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.15% 2827.36 Delayed Quote.61.32%
DALATA HOTEL GROUP PLC 0.48% 4.18 Real-time Quote.10.44%
DJ INDUSTRIAL 1.09% 35294.76 Delayed Quote.12.32%
EDEL SE & CO. KGAA -4.98% 3.82 Delayed Quote.75.23%
FTI CONSULTING, INC. 0.77% 143.67 Delayed Quote.28.60%
LONDON STOCK EXCHANGE PLC 0.94% 7908 Delayed Quote.-12.21%
LVMH MOËT HENNESSY LOUIS VUITTON SE -0.36% 664.8 Real-time Quote.30.12%
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Analyst Recommendations on DALATA HOTEL GROUP PLC
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Financials
Sales 2021 182 M 211 M 211 M
Net income 2021 -38,1 M -44,2 M -44,2 M
Net Debt 2021 828 M 960 M 960 M
P/E ratio 2021 -24,2x
Yield 2021 -
Capitalization 932 M 1 081 M 1 081 M
EV / Sales 2021 9,68x
EV / Sales 2022 4,89x
Nbr of Employees 2 685
Free-Float 88,6%
Chart DALATA HOTEL GROUP PLC
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Dalata Hotel Group plc Technical Analysis Chart | DHG | IE00BJMZDW83 | MarketScreener
Technical analysis trends DALATA HOTEL GROUP PLC
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 3
Last Close Price 4,18 €
Average target price 4,83 €
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Patrick Anthony McCann Chief Executive Officer & Executive Director
Carol Phelan Group Chief Financial Officer
John Hennessy Non-Executive Chairman
Seßn McKeon Secretary, Head-Risk & Compliance
Margaret Sweeney Senior Independent Non-Executive Director